Asia-Pacific: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Asia-Pacific

The Asia-Pacific market for boards, sheets, panels, tiles and similar articles of plaster not faced rose sharply to $X in 2021, picking up by 10% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Asia-Pacific

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 22%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in overseas shipments of boards, sheets, panels, tiles and similar articles of plaster not faced, which decreased by -17.5% to X square meters in 2021. Overall, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 20%. Over the period under review, the exports of attained the maximum at X square meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced contracted to $X in 2021. In general, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 18%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China prevails in faced structure, accounting for X square meters, which was approx. 87% of total exports in 2021. The following exporters - Thailand (X square meters), Japan (X square meters) and Australia (X square meters) - each resulted at a 9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster not faced exports from China stood at -3.7%. At the same time, Australia (+9.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.6% from 2012-2021. By contrast, Japan (-5.6%) and Thailand (-11.5%) illustrated a downward trend over the same period. China (+7 p.p.) and Australia (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -3.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest board, sheet, panel, tile and similar article of plaster not faced supplier in Asia-Pacific, comprising 84% of total exports. The second position in the ranking was taken by Australia ($X), with a 4.2% share of total exports. It was followed by Japan, with a 3.3% share.

In China, exports of boards, sheets, panels, tiles and similar articles of plaster not faced remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (+6.7% per year) and Japan (-11.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2021, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in Asia-Pacific

Imports of boards, sheets, panels, tiles and similar articles of plaster not faced rose rapidly to X square meters in 2021, growing by 9.2% against the previous year's figure. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 67% against the previous year. The volume of import peaked at X square meters in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded markedly to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.3% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X square meters) represented the key importer of boards, sheets, panels, tiles and similar articles of plaster not faced, creating 39% of total imports. Hong Kong SAR (X square meters) ranks second in terms of the total imports with an 11% share, followed by the Philippines (9.5%), South Korea (6.2%) and Malaysia (6.1%). Myanmar (X square meters), Australia (X square meters), Taiwan (Chinese) (X square meters), China (X square meters), Singapore (X square meters), Thailand (X square meters) and Vietnam (X square meters) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster not faced imports into India stood at +18.9%. At the same time, Thailand (+24.5%), Taiwan (Chinese) (+22.0%), South Korea (+15.5%), Australia (+10.7%), the Philippines (+8.9%), Myanmar (+7.5%), Hong Kong SAR (+5.1%), Malaysia (+4.8%), China (+4.8%) and Vietnam (+2.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +24.5% from 2012-2021. By contrast, Singapore (-13.4%) illustrated a downward trend over the same period. While the share of India (+26 p.p.), South Korea (+3.5 p.p.), Taiwan (Chinese) (+2.9 p.p.), the Philippines (+2.5 p.p.) and Australia (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest board, sheet, panel, tile and similar article of plaster not faced importing markets in Asia-Pacific were India ($X), the Philippines ($X) and South Korea ($X), with a combined 49% share of total imports. Hong Kong SAR, China, Australia, Malaysia, Singapore, Vietnam, Myanmar, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 39%.

In terms of the main importing countries, Thailand, with a CAGR of +25.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per square meter, increasing by 5.1% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 16% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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